JD Sports Fashion (LON:JD) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

JD Sports Fashion Plc (LON:JD)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.94 and traded as high as GBX 87.16. JD Sports Fashion shares last traded at GBX 86.46, with a volume of 9,034,713 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JD shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 460 price target on shares of JD Sports Fashion in a report on Thursday, May 7th. UBS Group restated a “neutral” rating and issued a GBX 94 price objective on shares of JD Sports Fashion in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 price objective on shares of JD Sports Fashion in a research report on Wednesday, May 6th. Citigroup decreased their price objective on shares of JD Sports Fashion from GBX 86 to GBX 83 and set a “neutral” rating on the stock in a research report on Wednesday, May 20th. Finally, Shore Capital Group restated a “hold” rating on shares of JD Sports Fashion in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 232.67.

JD Sports Fashion Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 133.23. The company’s 50-day moving average is GBX 75.34 and its two-hundred day moving average is GBX 77.94. The company has a market capitalization of £4.49 billion, a P/E ratio of 867.60, a PEG ratio of 1.05 and a beta of 1.65.

JD Sports Fashion (LON:JD) last posted its quarterly earnings data on Monday, May 11th. The company reported GBX 8.63 earnings per share for the quarter. The company had revenue of GBX 1,266.20 billion for the quarter. JD Sports Fashion had a net margin of 3.17% and a return on equity of 14.97%. Equities analysts anticipate that JD Sports Fashion Plc will post 15.037961 earnings per share for the current fiscal year.

JD Sports Fashion declared that its Board of Directors has approved a share repurchase plan on Monday, February 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About JD Sports Fashion

JD Sports Fashion plc engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for kids, women, and men. It operates through Sports Fashion and Outdoor segments. The company also retails leisure goods, sports goods, fishing gear, camping goods, boats, and bicycles, as well as distributes sports apparel and accessories, footwear, and apparel. It offers its products under the JD, Size?, Footpatrol, Finish Line, Shoe Palace, DTLR, Livestock, Sprinter, Sport Zone, Sizeer, JD Gyms, Tessuti, Scotts, Go Outdoors, Blacks, Millets, Tiso, Ultimate Outdoors, Fishing Republic, and Naylors brands.